SEPA Credit Transfer: Who Qualifies and What You Get
Learn how SEPA Credit Transfers work for moving money between bank accounts across the EU and what you need to know about processing times.
A SEPA Credit Transfer is a standardized way to send money between bank accounts within the European Union.
Who it's for
This service is available to all account holders.
What you get
You get a reliable, standardized method for making bank transfers within the EU. This allows for consistent movement of funds across different European banks.
What it costs you
In most cases, using this service within the EU is free. You should check with your specific bank regarding any potential fees for non-EU transfers.
The catch to know
These transfers are not instant. They can take one to two business days to complete, which means they are not suitable for urgent payments like margin calls that require immediate funds.
How to apply
- Log in to your online banking portal or mobile banking app.
- Select the option to make a transfer (often called overschrijven in Dutch).
- Enter the recipient's IBAN and the amount you wish to send.
- Confirm the transaction details to complete the transfer.